My mother-in-law recently sold her home (now renting) and we are looking for advice on investment options. Given the volatility of the markets, I'm reluctant to go that route. She does have some health issues, but we're staying conservative and planning for a 15 to 20 year investment horizon.
For the sake of stability and security, I was looking at a "ladder" of 1 to 5 year GICs that would average out at around 3.2% per year. Not a fantastic return but might be worth it for the security.
Am I missing any other options that would give better returns with low risk?
For the sake of stability and security, I was looking at a "ladder" of 1 to 5 year GICs that would average out at around 3.2% per year. Not a fantastic return but might be worth it for the security.
Am I missing any other options that would give better returns with low risk?